The K@W Network:
Senior Fellow and Lecturer
In this opinion piece, David Erickson explores how the market for special purpose acquisition companies (SPACs) exploded in 2020 and what may happen in the future.
While DoorDash and Airbnb successfully completed their much-anticipated IPOs this past week, there has been a lot of scrutiny on how they were priced and subsequently “popped.” Wharton’s David Erickson[…]
Tesla’s valuation crossed $100 billion just before CEO Elon Musk announced a $2 billion stock offering. How much is the company worth? Wharton’s David Erickson offers some insights in this[…]
New York-based Casper, a mattress seller, lost more than half its value in early February following its IPO. Its experience is a cautionary tale for other unicorns, writes Wharton’s David[…]
In the aftermath of the WeWork debacle, several potential issues suggest that the $100-billion-plus Vision Fund may have lost its vision. Wharton’s David Erickson recommends ways the fund can regain[…]